New Jersey Supreme Court hears GOP bid to block proposed borrowing

Repubican opponents of New Jersey Gov. Phil Murphy’s proposal to borrow up to $9.9 billion for offsetting COVID-19-related revenue losses was argued before the state’s highest court Wednesday and they said the state’s constitution and past legal precedent should prevent the plan from proceeding.

Marc Pfeiffer, assistant director of Rutgers University’s Bloustein Local Government Research Center, said it is tough to get a reading on how court will rule since the justices tested both attorneys with tough questions. He noted that the vast majority of the justices were not on the bench during the 2004 Lance case and they make seek a more middle of the road decision based on prior rulings.

The Bond Buyer, August 5, 2020